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Anti-graft war: EFCC uncovers the identity of the Nigerian female minister who embezzled $37.5million

Image used to narrate the story

The Chairman, Economic and Financial Crime Commission(EFCC), Abdulrasheed Bawa, implied to the former Minister of Petroleum, Diezani Alison-Madueke when he talked about a minister who bought $37.5 million worth of property from a bank and put in the bank the sum of $20 million cash.

Recall that Bawa had earlier explained 90 per cent of those involved in corruption and money laundering were "Real Estate Dealers", he noted this on Tuesday while featuring on Sunrise Daily, a telecast programme. He furthermore describes real estate deal as a major source of money laundering and corruption even though it is being strictly regulated.

Bawa narrated how Diezani laundered a whopping sum of $37.5million through the real estate sector, said the former Petroleum Minister went into a deal with bank management to buy a property worth $37.5 million, the deal was executed and $20 million was deposited cash into the bank by the embattled minister.

Diezani Madueke, former petroleum minister. Image for reference purpose

Diezani has severally being indicted for corruption, money laundering right from the administration of Goodluck Jonathan, and many recoveries have been made by the EFCC, Jewellery worth N14bn was confiscated from her by an anti-graft agency last month.

The revelation was made known by the EFCC chairman during the House of Representatives Adhoc Committee investigating the assessment and status of recovered loots in Abuja.

Bawa however reiterated that the commission is ever ready to bring corruption to its minimalist and pledged to apply legal procedures to ease quick deposition or auctions of seized assets, he noted.

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Abdulrasheed Bawa Diezani Diezani Alison-Madueke EFCC Nigerian


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